Bitcoin Market Recovery as Institutional Demand Rises
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1h ago- Market Volatility Cause: A Binance software glitch triggered a historic $28 billion Bitcoin deleveraging, causing a 14% price drop from $122,000 to approximately $105,000, highlighting market fragility and systemic risks.
- Cycle Characteristics Analysis: ARK Invest's Cathie Wood noted that this drawdown is the “shallowest” four-year cycle decline in Bitcoin's history, predicting consolidation in the $80,000 to $90,000 range before a potential uptrend, reflecting market resilience.
- Institutional Investor Attitude Shift: An increasing number of institutional investors are treating Bitcoin as a low-correlation asset, with over 2,000 U.S. advisory firms now allocating to crypto ETPs, a significant rise from fewer than 200 before 2024, indicating growing acceptance of Bitcoin.
- Future Market Expectations: ARK's blueprint forecasts Bitcoin's market value could reach $16 trillion by 2030, demonstrating institutional confidence in Bitcoin's long-term growth potential, despite current price pressures.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
